Top Commercial Insurance Coverages all Businesses should Consider.

All businesses are different, and as a result, there is no one policy fix all solution when it comes to insuring your business. It is important to work with an agent to come up with a customized solution for your business. As a Tucson, AZ business owner, you should certainly consider each of the following policies to protect your business.

Professional Liability

Professional liability is also referred to Errors and Omission insurance, and it protects your business in the event a claim is made against you asserting that you made a mistake that resulted in harm to a third party. Due to the fact that each industry is unique; a professional liability will be geared to cover the potential claims that are common E&O Claims in your industry. You agent at Castillo & Associates Insurance can help guide you to the correct policy.

Property Insurance

Just because your business leases space does not mean you do not need a property insurance policy. A property policy will protect your equipment and inventory in the event of a loss.

Business Interruption

If a catastrophic event were to occur that prevents your business from operating, a business interruption policy could reimburse you for loss of income during this time. This coverage is essential for companies with a retail location.

Home-based businesses

If you are running a business out of your home, you need to speak to your agent about coverages for home based business. If you are relying on your homeowner’s policy to respond in the event of a loss, you may find yourself without coverage.

If you are interested in learning more about commercial insurance policies, please reach out to us at Castillo & Associates Insurance so we can help design a custom solution right for your business. We proudly serve the Tucson, AZ, area.